Amazon Wants To Disrupt Another Market In Car Sales


  • Amazon announces car retail and digital partnership with Hyundai, allowing customers to purchase Hyundai cars online from 2024.
  • The automaker is also launching an in-car version of Alexa from 2025.
  • The partnership has caused a ripple effect in the auto retail sector, with shares of CarMax and Carvana initially dropping.
  • The current AMZN valuation is still attractive on a five-year comparison and the company has big opportunities ahead.

Amazon Germany Services GmbH


E-commerce giant Amazon, Inc. (NASDAQ:AMZN) has announced another innovative solution with a car sales partnership involving Hyundai Motor Group. I’ll look a little deeper at the consequences for Amazon and the auto sales sector.

Amazon announces car retail and

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Leave a Reply

Your email address will not be published. Required fields are marked *